The service sector continued to show healthy signs of expansion in 2012, with a seasonally adjusted PSI for March at 53.9.
Economy & Tax
Manufacturing activity continued to show healthy levels of expansion, with a seasonally adjusted PMI for March at 54.5.
A slowly stabilising global economy and positive levels of activity in New Zealand agricultural exports indicate slightly better economic prospects, according to the BusinessNZ Planning Forecast for the March quarter 2012.
The service sector showed further momentum with a healthy February result, with the seasonally adjusted PSI for February at 55.5.
BusinessNZ welcomes the announcement of a new Ministry of Business, Innovation and Employment.
Manufacturing activity experienced a sizeable lift in activity for February, with a seasonally adjusted PMI for February was 57.7.
A mature debate is needed on New Zealand’s benefit system, says BusinessNZ.
The service sector showed stronger expansion to start the year, with a seasonally adjusted PSI for January at 53.6.
The High Court judgment on the Shanghai Pengxin bid for the Crafar farms raises difficult questions that could reduce future confidence to invest by overseas investors, says BusinessNZ.
Manufacturing activity remained in expansion but clear division lines are drawn,with a seasonally adjusted PMI for January at 50.5.
Treasury’s briefing to the incoming Government is well focused on restoring the economy to growth, says BusinessNZ.
BusinessNZ and the Australia NZ Leadership Forum have welcomed the announcement of joint work by the Productivity Commissions of New Zealand and Australia.